A & M Jumbo Bags (NSE:AMJUMBO) Momentum Rank : 2 (As of May. 15, 2024)

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What is A & M Jumbo Bags Momentum Rank?

A & M Jumbo Bags has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of A & M Jumbo Bags's Momentum Rank

For the Packaging & Containers subindustry, A & M Jumbo Bags's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

A & M Jumbo Bags's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, A & M Jumbo Bags's Momentum Rank distribution charts can be found below:

* The bar in red indicates where A & M Jumbo Bags's Momentum Rank falls into.

A & M Jumbo Bags Momentum Rank Related Terms

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A & M Jumbo Bags (NSE:AMJUMBO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » A & M Jumbo Bags Ltd (NSE:AMJUMBO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silver Oak College Road, Office No. 403, Fourth Floor, Money Plant Business, Near Bhavik Publication, Gota, Gandhinagar, Ahmedabad, GJ, IND, 382481

Website

https://www.aandmjumbobags.com

A & M Jumbo Bags Ltd is a company engaged in manufacturing and exporting an extensive range of FIBC, Bulk Bags, and Jumbo Bags that are available in various sizes and are offered to various industries such as fertilizer, cement, sand, food grains, sugar, cattle feed, fish meal, pulses, spices, dates, agro products, minerals, resin, polymers, rubber and many more.

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